Log in
Economics
1
answer
0
watching
922
views

Variable cost divided by the change in quantity produced is

  a.

average variable cost.
  b.

marginal cost.
  c.

average total cost.
  d.

None of the above is correct.

Watch
1
answer
0
watching
922
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Namita kumari
Namita kumariLv6
28 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Average fixed cost is equal to the:
 
A) Difference between marginal cost and average variable cost.
B) Difference between marginal cost average total cost.
C) Difference between average total cost and average variable cost.
D) Total fixed cost divided by the minimum efficient scale.
E) Total variable cost divided by the minimum efficient scale.

If fixed costs do not change, then the marginal cost:

A. also remains constant.

B. equals the change in average fixed cost divided by the change in output.

C. equals the change in variable cost divided by the change in output.

D. equals the change in average variable cost divided by the change in output.

Marginal cost is equal to:

a. A change in total variable cost. 

b. Change in total cost divided by change in output. 

c. Total variable cost divided by the change in output. 

d. Both A and B are correct. 

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in